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HomeDaily NewsSaturday, July 11, 2026KRA Nets Record Sh2.8 Trillion in Tax Collections - July 2026
Business & Economy3 stories from 1 sources

KRA Nets Record Sh2.8 Trillion in Tax Collections - July 2026

The Kenya Revenue Authority announced record tax collections of Sh2.844 trillion for the financial year ending June, driven by strong performance in the manufacturing and energy sectors. Despite surpassing last year's collections by 10.6 percent, the KRA narrowly missed the Treasury's target. At the same time, apartment prices in Kenya have continued their decline for the fourth consecutive quarter, dropping by 3 percent in the year to March, as an oversupply of flats contrasts with rising demand for standalone homes. Separately, the Sacco Societies (Amendment) Bill, 2025, is currently under consideration in the National Assembly, aiming to strengthen the regulatory framework for Saccos and protect members' savings.

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Friday 11:19 PMNation Business

Top taxpayers revealed as KRA nets Sh2.8 trillion

Top taxpayers revealed as KRA nets Sh2.8 trillion

The Kenya Revenue Authority (KRA) announced record tax collections of Sh2.844 trillion for the financial year ending June, driven by strong performance in the manufacturing and energy sectors. Despite surpassing last year's collections by 10.6 percent, the KRA narrowly missed the Treasury's target.

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Key Highlights

The Kenya Revenue Authority (KRA) announced record tax collections of Sh2.844 trillion for the financial year ending June, driven by strong performance in the manufacturing and energy sectors. Despite surpassing last year's collections by 10.6 percent, the KRA narrowly missed the Treasury's target.

  • Top taxpayers identified include the manufacturing (contributing Sh462 billion) and energy (contributing Sh445 billion) sectors.
  • The KRA, led by Commissioner-General Adan Mohamed, collected Sh276.14 billion in agency revenue, exceeding its target by 99.1 percent.
  • Customs revenue exceeded expectations, collecting Sh988.78 billion against a target of Sh980.79 billion.
Friday 6:56 PMNation BusinessFirst

Saccos Bill: What members stand to gain, changes MPs want enacted

Saccos Bill: What members stand to gain, changes MPs want enacted

The Sacco Societies (Amendment) Bill, 2025, is currently under consideration in the National Assembly, aiming to strengthen the regulatory framework for Saccos and protect members' savings.

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Key Highlights

The Sacco Societies (Amendment) Bill, 2025, is currently under consideration in the National Assembly, aiming to strengthen the regulatory framework for Saccos and protect members' savings.

  • A key provision is the operationalization of the Deposit Guarantee Fund, which would allow members to claim protected deposits if a Sacco's license is revoked.
  • The proposed compensation limit for members remains at Sh100,000, a figure that has drawn criticism from some MPs concerned about members with larger savings.
  • SASRA CEO David Sandagi defended the Bill, citing the need to improve transparency, supervision, and reduce technology costs for smaller Saccos, with about 92% of deposit accounts holding Sh100,000 or less.
  • The Bill also seeks to address challenges like unregulated entities, pyramid schemes, and the investment of deposits in high-risk ventures.
Friday 10:27 PMNation Business

Apartment prices in Kenya continue to drop

Apartment prices in Kenya continue to drop

Apartment prices in Kenya have continued their decline for the fourth consecutive quarter, dropping by 3% in the year to March, as an oversupply of flats contrasts with rising demand for standalone homes.

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Key Highlights

Apartment prices in Kenya have continued their decline for the fourth consecutive quarter, dropping by 3% in the year to March, as an oversupply of flats contrasts with rising demand for standalone homes.

  • Apartment prices have fallen for 13 out of the last 15 quarters.
  • The Kenya National Bureau of Statistics (KNBS) reported that the cost of maisonettes, bungalows, and villas rose by 8.5%.
  • In Nairobi, apartment prices in high-end estates fell by 4.8%, and by 3.3% in middle-income areas.
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